(Energy Analytics Institute, 9.May.2016, Clifford Fingers III) – Ecuador, the smallest country within the Organization of Petroleum Exporting Countries or OPEC, exported an average 542,000 barrels per day in the first quarter of 2016, down slightly from 543,000 barrels per day produced in the first quarter of 2015, reported the news agency AFP.
Ecuador, which is confronting economic difficulties due to collapse in oil prices, exported an estimated 416,000 barrels per day in 2015 at an average price of $41.88 per barrel, which translated into total revenues or $6.355 billion, according to the agency.
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